Recent extremely meaningful positive changes in investment behavior have benefitted First National Corp/VA (NASDAQ: FXNC): positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.
Small positive changes in fundamentals have recently occurred for First National Corp/VA (NASDAQ: FXNC): the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
FXNC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
First National has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. First National has a slightly positive Appreciation Score of 64 but a poor Power Rating of 20, producing the Negative Value Trend Rating.
Recent Price Action
First National Corp/VA (NASDAQ: FXNC) stock increased 1.7% on 7/3/24. The shares closed at $15.48. Moreover, trading volume in this advance was exceptionally high at 243% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 3.5% during the last week.
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